A Business Owners Policy Combines Property and Liability Protection in a Single Policy
If you own a small- or medium-sized business, a business owners policy (sometimes stylized business owners policy or BOP) is a smart approach to protect your livelihood. BOP protects your business with a combination of general liability, professional liability, and property insurance. Lozes Insurance Agency can offer competitive rates for our commercial clients from many respected national carriers. We serve clients with businesses in Hammond, Mandeville, Prairieville, and surrounding Louisiana. Contact us to discuss your choices when it comes to a business owners policy.
General Liability Insurance
General liability is an essential part of any type of commercial business owners insurance policy. This type of insurance protects your company when someone incurs bodily or personal injury on your business property or because of your business practice or product. General liability insurance provides financial compensation to cover medical expenses when a person is injured and covers damage to his or her property. It also provides money for legal protection if you are sued after an accident.
Much like homeowners property insurance, commercial property insurance protects the physical structure and belongings of your company. Property insurance covers the buildings where you operate, including storefronts, office space, and warehouses that you own. It also protects the equipment and other property belonging to your business.
Business Interruption Insurance
Business interruption insurance helps protect your business when an unexpected event causes your business to shut down partially or entirely. This portion of BOP covers loss of profits during this time and can help cover additional expenses to operate in a different location.
Professional Liability Insurance
Professional liability insurance protects businesses that provide services or advice. It provides compensation for injury or damage for which your business is held liable. This includes repairs and medical expenses when necessary, as well as legal fees from a lawsuit.
Depending on the type of business you operate, you may require additional protection in addition to your BOP. A Lozes Insurance agent can add any extra coverage, including commercial auto insurance, worker’s compensation and more, to your policy.
A Business Owners Policy that Adapts with You
At Lozes Insurance Agency, we work closely with each of our commercial clients to ensure they have the right level of coverage at the right price. Our national insurance carriers have competitive rates, so you can achieve peace of mind as a business owner without breaking the bank. If you operate in Hammond, Mandeville, Prairieville, or surrounding Louisiana, contact us about a business owners policy today and get a free quote.